Silver Manipulation By JP Morgan And U.S. Fed?

In yesterday’s New York Times, William D. Cohan refines what was once a confusing and fringe theory about JP Morgan and HSBC’s involvement in silver market manipulation into a very plausible scenario, tying in the cloak and dagger elements of the story with the currently unfolding class action lawsuits in several states.

Once again, the Xtranormal.com platform is being put to good use to elucidate exactly what’s happening:

Each segment has information that I found useful, especially the fact that there is actually no physical silver left in circulation — nice touch. Part II is here and part III available here.

Part IV is here, and after the creators accidentally deleting the original voices, the bear in the overalls is now sounding strangely like John Lennon.

Another source of information and a more detailed breakdown on basic market manipulation and arbitrage is available here. The site that appears to be the sponsor/creators of the Xtranormal videos silvergoldsilver.blogspot.com is less clear, but has information as well.

Lastly, the folks at Stand for Delivery have created a site dedicated to demanding delivery of their physical silver purchases, to in effect call the larger bluff of the market, if in fact there is a bluff occuring.

To my untrained financial brain, this is difficult to follow, but on the surface is seems like a likely scenario — it’s simply a different flavor of Ponzi scheme that is dovetailing with the desire for many to remove the “volatility” of the dollar (i.e. make it easier to manipulate) and move towards a a new federal or global currency, depending on who you are listening to.

Not such a wild scenario if you trace the de-evolution of the financial marketplace in a time where the new economy manufactures nothing, creates nothing and builds nothing — the new market only manipulates financials or other investors in order to generate revenue for long enough to avoid detection and then move on to the next area of vulnerability. “That’s called trading” you say — yes, but in the past even if you were burned by a more skilled trader, you would still have the physical performance of the company to rely on an even minimal performance or return — the change is that now we are rendering entire market segments into obsolescence by focusing only on 100% speculative market manipulations.

Remember the coming Biotech stock bubble? Turns out those were too complex to inflate and raid, which is why that cycle of hyperinflation never “caught on”.

If you have more knowledge of this topic, please sound off in the comments, everyone could benefit from as much trained knowledge as possible on this one.